Biohaven
Rare disease drugmaker · based in New Haven, United States · founded 2013 · ticker BHVN · biohaven.com
Biohaven works on 9 rare diseases we track, including Inherited Erythromelalgia, Focal Epilepsy and 7 more. It has 7 active clinical trials, and 3 are looking for volunteers now.
The FDA is due to decide on Vyglxia (troriluzole) for Spinocerebellar ataxia in Q1 2027.
Email me the day the FDA decidesAll upcoming rare disease FDA decisions
Biohaven traces its origin to one of the more unusual deals in recent biotech history. Founder and CEO Dr. Vlad Coric, a Yale psychiatrist who spent years working on neuropsychiatric and neurodegenerative drugs, licensed the migraine compound rimegepant from Bristol-Myers Squibb in 2016 and built it, as Nurtec ODT, into one of the fastest-growing branded migraine pills in the United States.
Biohaven pipeline
Each row lists the diseases Biohaven is studying at that stage, from the ones closest to approval down to the earliest work.
Vyglxia (troriluzole) for Spinocerebellar ataxia, with a decision due in Q1 2027.
Graves’ Disease recruiting · Focal Epilepsy 2 trials · Spinal Muscular Atrophy
Graves’ Disease recruiting · IgA Nephropathy recruiting · Inherited Erythromelalgia
Biohaven clinical trials
These are Biohaven trials for the rare diseases we track, from ClinicalTrials.gov. Statuses there can lag behind company news, so confirm with the study team before you plan around one.
3 trials looking for volunteers now
Study to Determine if BHV-1300 is Effective and Safe in Adults With Graves' Disease
Tests BHV-1300, Placebo
For Graves Disease
Study of BHV-1300 in Graves' Disease
Tests BHV-1300
For Graves Disease
Study of BHV-1400 in IgA Nephropathy
Tests BHV-1400
For IgA Nephropathy
4 trials underway, not taking new volunteers
A Phase 1b Study of BHV-7000 in Participants With Inherited Erythromelalgia
Tests BHV-7000, Placebo
A Study to Determine if BHV-7000 is Effective and Safe in Adults With Refractory Focal Onset Epilepsy
Tests BHV-7000, BHV-7000, Placebo, BHV-7000, Placebo
For Focal Epilepsy
Study to Determine if BHV-7000 is Effective and Safe in Adults With Refractory Focal Onset Epilepsy
Tests BHV-7000, BHV-7000, Placebo
For Focal Epilepsy
A Study to Evaluate the Efficacy and Safety of Taldefgrobep Alfa in Participants With Spinal Muscular Atrophy
Tests taldefgrobep alfa, Placebo, taldefgrobep alfa
For Spinal Muscular Atrophy, Neuromuscular Diseases and SMA
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More about Biohaven
In 2022, Pfizer paid $11.6 billion to acquire the original Biohaven and keep Nurtec for its migraine franchise. Vlad and his team kept everything else, spinning the remaining pipeline out as a new public company in October 2022. The new Biohaven now trades on the NYSE under the ticker BHVN and is based in New Haven, Connecticut.
The largest part of today's pipeline is a new class of drugs in immunology, designed to clear disease-driving proteins from the body.
The platforms are called MoDE and TRAP, both licensed from Yale University in 2021, and the simplest way to describe what they do is that they grab onto specific antibodies or proteins floating in the blood, the kind that drive autoimmune disease, and pull them into the body's natural cleanup pathway to be destroyed.
The two most advanced degrader programs are moving into late-stage testing in 2026: BHV-1300 began a Phase 3 pivotal trial in Graves' disease, enrolling its first patient in June 2026 after early studies showed it could lower the disease-driving thyroid antibody by about 80%, with more than 55 sites enrolling in the US and Canada by November 5, 2026, and BHV-1400 is expected to begin its pivotal trial in IgA nephropathy in the fourth quarter of 2026.
Keep reading about Biohaven
On October 8, 2026, Biohaven licensed BHV-1300 and 2 follow-on IgG degraders to Ono Pharmaceutical for Japan, South Korea, Taiwan and Southeast Asia, keeping all rights in the US, Europe and China. Earlier-stage degrader candidates target IgG4-mediated disease (BHV-1450), peripartum cardiomyopathy (BHV-1600), membranous nephropathy (BHV-1420), and other pathogenic proteins, with nearly 200 people dosed across the degrader platform to date.
The platform's provenance also received a legal stamp in 2026: a federal jury found that Avilar Therapeutics and RA Capital had willfully misappropriated the Yale trade secret behind the MODA degradation technology, and on August 25, 2026 Biohaven announced that the court had entered judgment awarding Biohaven and Yale a combined $4 million.
Beyond immunology, Biohaven is also running late-stage trials in two brain-related areas. Opakalim (BHV-7000) is in Phase 2/3 development for focal epilepsy and works by stabilizing electrical activity in the brain that drives seizures; RISE 3, one of its 2 pivotal studies, finished enrolling in June 2026, and Biohaven expects its topline results in the second half of 2026.
BioPharma Dive reported on September 10, 2026 that the FDA placed the program on a partial clinical hold on September 4th, and Fierce Biotech reported the same hold. The hold stops new patients from enrolling, including in RISE 2, while Biohaven provides more animal data on a substance the body makes when it breaks down the drug. People already in the trials keep taking it.
Biohaven said on October 29, 2026 that the hold was still in place, that it expects the extra animal data in the coming weeks, and that RISE 3 timing is unchanged. On August 26, 2026, Biohaven granted SK Biopharmaceuticals an exclusive worldwide license to its Kv7 ion channel platform, including opakalim.
Biohaven will receive $400 million in near-term cash plus development and regulatory milestones and royalties, and SK Biopharmaceuticals will take over Kv7 program costs and commercialization; the US antitrust waiting period ended on October 28, 2026, and Biohaven said on October 29 that it looks forward to closing the deal.
Separately, BHV-8000 is in Phase 2/3 development for early Parkinson's disease and aims to dampen brain inflammation thought to contribute to disease progression. In oncology, two cancer drugs called antibody-drug conjugates (BHV-1510 and BHV-1530) are in early trials for solid tumors, a Phase 1/2 and a Phase 1, both now being tested in combination with Regeneron's Libtayo under clinical supply agreements.
Biohaven listed updated BHV-1530 data for a poster at the ESMO congress in Madrid on October 23, 2026. On September 28, 2026, Biohaven said BHV-1530 data were also chosen for an oral presentation at the EORTC-NCI-AACR Symposium in Barcelona on November 19, 2026.
The company has had recent setbacks worth noting. Troriluzole, a glutamate modulator that Biohaven is developing for spinocerebellar ataxia, received an FDA Complete Response Letter in November 2025. It had already withdrawn its European application in March 2025.
Biohaven said on October 22, 2026 that the FDA accepted a resubmitted application for review, with a decision expected in the first quarter of 2027. Accepting the application for review does not mean the drug is approved.
Taldefgrobep alfa, a myostatin inhibitor, missed its Phase 3 endpoint in spinal muscular atrophy and is now being studied in obesity, where it is designed to promote weight loss while preserving lean muscle; the Phase 2 obesity study finished enrolling in early 2026.
Biohaven said on October 29, 2026 that the study is being amended to add a part pairing the drug with a GLP-1-based medicine, and that topline results for both parts are now expected in the second half of 2027.
Where Biohaven trials take place
The trials above run at 404 study sites in 27 countries. Tap a country to see its states, cities and hospitals.
Rare diseases Biohaven works on
Each disease page lists every open trial, not only Biohaven's, plus approved treatments.
Inherited erythromelalgia is a rare autosomal dominant pain disorder caused by gain-of-function mutations in the SCN9A gene, which encodes the Nav1.7 voltage-gated sodium channel.
How common: Exact prevalence is unknown
Focal epilepsy is a neurological disorder characterized by recurrent seizures that originate in a specific area of the brain.
How common: Up to about 61% of people with epilepsy have focal seizures; about 2.9 million U.S. adults and 456,000 children have active epilepsy
Graves' disease is the most common cause of hyperthyroidism, an autoimmune condition where antibodies stimulate the thyroid gland to produce excessive thyroid hormone.
How common: Affects about 1 in 200 people; most common in women ages 30-50
IgA nephropathy is the most common primary glomerulonephritis worldwide, caused by abnormal IgA1 antibodies depositing in the kidney's mesangium, activating complement pathways and triggering...
How common: About 2 new cases per 100,000 people each year in the U.S., and an estimated 199,000 to 208,000 Americans were living with IgA nephropathy in 2021 (Otsuka-funded study, Clinical Nephrology, 2025)
Membranous nephropathy is a rare autoimmune kidney disease where the body's own antibodies attack proteins in the kidney's filtering units (glomeruli).
How common: About 12 new cases per million people each year in the U.S.; roughly 40,000-50,000 Americans living with the disease
Myasthenia gravis is a chronic autoimmune neuromuscular disorder causing muscle weakness and rapid fatigue.
How common: 1 in 5,000 people
Pemphigus Vulgaris is a rare, potentially life-threatening autoimmune blistering disorder where the body produces antibodies against cell-to-cell adhesion molecules, causing blisters and erosions in...
How common: Approximately 0.5-3.2 cases per 100,000 people; higher incidence in certain ethnic groups (Ashkenazi Jews, Mediterranean, Indian populations)
Peripartum cardiomyopathy is a rare form of heart failure that develops during the last month of pregnancy or within 5 months after delivery in women with no prior history of heart disease.
How common: About 1 in 1,000 to 1 in 4,000 pregnancies in the U.S.; significantly more common in women of African descent
Where to get support
Patient groups can explain a diagnosis, point you to specialists and tell you about trials before they open. Biohaven's own site is biohaven.com, and our help paying for treatment page lists drugmaker programs and charity funds.
- National Kidney FoundationIgA Nephropathy and Membranous Nephropathy
- NIH GARD - Myasthenia GravisMyasthenia Gravis and Spinocerebellar Ataxia
- NORD - ErythromelalgiaInherited Erythromelalgia
- GARD - Primary ErythromelalgiaInherited Erythromelalgia
- Epilepsy FoundationFocal Epilepsy
- NIH NINDS - EpilepsyFocal Epilepsy
- American Thyroid AssociationGraves’ Disease
- Graves' Disease & Thyroid FoundationGraves’ Disease